Older homeowners are using Equity Release to combat the cost of living crisis
With the cost of everything going up, many people are finding it a struggle to make ends meet.
Increases in the cost of food, energy bills and fuel have meant many later life homeowners have been forced to dip into their savings just to make ends meet.
Pensioners on a fixed income may not have the spare cash to be able to put anything away each month, meaning there is nothing available to cover unexpected expenses like a new boiler or car repairs.
This is why thousands of older homeowners are turning to Equity Release to help them unlock the value locked up in their homes.
The Equity Release Solution
If you own your own home and all owners are aged 55 or over, you may qualify for Equity Release. This allows you to unlock some of the money locked up in your home as a tax-free lump sum.
You can use the money for anything you like, for example;
- To help with general day-to-day costs of living
- To provide an emergency fund to cover unexpected bills or repairs
- For home improvements eg new bathroom/kitchen, redecorating, improving accessibility
- To help children or grandchildren get on the property ladder themselves
- To fund a wedding, holiday or dream cruise
- To allow you to buy a new car, caravan or camper home
- To fund private medical care, eg paying for a new hip without having to deal with NHS waiting lists
These are only a few examples but is by no means a complete list – the money released can be used for any legal purpose you want.
Whole of Market
It is essential that if you are considering Equity Release, you take advice from a qualified advisor who is a registered member of the Equity Release Council and deals with all the major providers in the market.
We are Members of the Equity Release Council and deal directly with all the major providers
Free Whole of Market Quote
Cornerstone Mortgages Ltd have helped hundreds of clients over the years and are experts in Equity Release. We are a member of the Equity Release Council and deal with all the major providers in the market.
We are currently offering free consultations so if you would like to find out how much you can release use the link below to request your free whole of market quote with no obligation.
Click here for your free Equity Release quote
Copyright © 2026 | Cornerstone Mortgages Limited is an Appointed Representative of MGI Network Ltd, 27 Bridge Street, Usk, Monmouthshire, NP15 1BQ. Their Financial Services Register Number is 697649. Your home may be repossessed if you do not keep up repayments on your mortgage.